Morningstar SRRI

Lower Risk

Higher Risk

1

2

3

4

5

6

7

Potentially Lower ReturnsPotentially Higher Returns

Source: Morningstar

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Investment Objective

The fund seeks to provide long-term capital growth, through exposure to US companies by direct investment in securities of such companies and through the use of financial derivative instruments.
At least 67% of the Sub-Fund's total assets (excluding cash and cash equivalents) will be invested, either directly or through the use of financial derivative instruments, in equity and equity linked securities of companies that are incorporated under the laws of, and have their registered office in, the US, or that derive the predominant part of their economic activity from the US, even if listed elsewhere.

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Portfolio Profile30/04/2020

Morningstar Style Box®

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Equity Style

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Top Holdings

Name

Sector

%

IncreaseDecreaseNew since last portfolio

Microsoft Corp

Technology

7.08

Amazon.com Inc

Consumer Cyclical

5.52

Apple Inc

Technology

5.49

Alphabet Inc A

Communication Services

2.69

JPM USD Liquidity LVNAV X (dist.) 2049-12-31

Not Classified

2.36

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Asset Allocation %

Long

Short

Net

Stocks

97.90

0.00

97.90

Bonds

0.00

0.00

0.00

Cash

2.77

0.18

2.59

Other

0.00

0.49

-0.49

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Top Stock Regions

Region

%

United States

95.17

Asia - Developed

1.46

United Kingdom

1.35

Eurozone

1.24

Asia - Emerging

0.79

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Top Stock Sectors

Stock Sector

%

Technology

26.05

Healthcare

15.95

Consumer Cyclical

12.74

Financial Services

11.14

Communication Services

10.11

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AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.